Dear Zuni
Statutory Compliance means whatever we are complying and maintaining as per the requirement of Government / local bodies.
Even if the Police authorities giving instruction in writing to maintain and submit a copy of the workforce details in soft copy will also be considered as Statutory Obligation. Whatever PF, ESI, Welfare fund to Government you are remitting is also known as Statutory compliance.
Payment of wages in Time to workmen, abiding the Minimum wages fixed by the Govt from time to time Payment of Bonus, Notice Pay while relieving, retrenchment compensation, gratuity, PF, Pension, Leave, everything are clearly expressed by the Government. Hence the above all are forming the part of Statutory Compliance.
I am unable to understand in which aspect you want to acquire the knowledge about Statutory compliance.
With warm regards
S. Bhaskar
9099024667